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Politics : Canadian Political Free-for-All
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To: Gulo who wrote (3822)4/29/2004 10:39:52 PM
From: NOW  Read Replies (2) of 37571
 
Please : why go on about something which you seem to know so little about? why not leave it to those in the know like the former editors of the NEw England Journal Of Medicine:
" The drug companies maintain that this is the price of success. They portray their industry as a highly risky one in a competitive market -- just able to cover its enormous research and development costs but managing nonetheless to deliver a stream of innovative drugs in the public interest.

Here are the facts. The pharmaceutical giants spend two or three times as much on marketing and administration as they do on R&D, and their profits are about twice their R&D costs. To cite a typical example, last year GlaxoSmithKline spent 37 percent of its revenues on marketing and administration and only 14 percent on R&D, while making a 28 percent profit. Overall, the pharmaceutical industry is by far the most profitable in the United States. "
washingtonpost.com
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